rickreynoldssf

There's nothing wrong with starting with ChatGPT but the lazy ambulance chaser couldn't be bothered with a quick lookup in Westlaw. That's where things start going wrong.

Prison?

...and here's the other shoe dropping for all the people thinking they were going to get at least some money back.

Employers pay an additional tax on payroll. The withholdings they send to IRS is not considered a tax.

Not on Homepod, the most likely device Siri would be used on.

It doesn't help that Apple doesn't let third party developers use it. The only SDK available for Homepod, is locked behind a bunch of approvals and the only thing it does is allow developers to implement music players. It's very specific to playing music. Not even Podcasts.

Why can't an eCommerce app implement, "Hey Siri, tell Online Store to add Tidepods to my weekly order". ?

What about Audible implementing, "Hey Siri, tell Audible to add Tale of Two Cities to my reading list." ?

There's remnants of a car service interface that never got used or shipped AFAIK. If you ask "Hey Siri, get me an Uber to the train station". It just replies "sorry, I help with rides".

Or maybe even work with other Apple stuff better. I can say "Hey Siri, turn on Television" and that works and then say "Hey Siri, mute television" and it will reply, "There are no televisions to control".

That's one of the things that would happen when your school board cares more about renaming schools and hiding murals and getting rid of the one school in San Francisco that can feed into an Ivy League school (Lowell).

The same people that supposedly care about minorities and other "disadvantaged" populations are they ones who are dooming them.

Its not like SVB has tons of toxic assets on their balance sheet. They have $13B in balance sheet equity (not marking to market HTM assets). There's $40B in cash and AFS bonds which are marked to market. This can be saved by another entity or a coalition of entities like Sandhill Road. I don't think this is something the government should get involved in any further than they already are. Brex (as far as I know) is offering short term loans to SVB depositors so that should lighten the overall impact; those that get the loans will make payroll. Meanwhile I'm sure there's a few camps frantically running due diligence right now and a white knight could arise by Monday morning to shore up the balance sheet and let the bank reopen. The problem is who/what ever does that needs to ooze with trustability and confidence to keep the remaining depositors from bailing.

This isn't going to happen before Monday. Or before the AWS bill is due. $250k isn't going to cover most company's operating cash needs.

ADP isn't going to take that paper to cut paychecks. AWS isn't going to want that paper either. The best you can do is take that paper and get a loan with a stupid high interest rate and that's not going to happen quickly.

I have to say, Bank of America was a great bank for my startup. We wouldn't have gotten a bridge loan with them or anything like that but for operating cash management there was never an issue.

If your company's next payroll is more than $250k you're going to notice. Not even getting into accounts payable for various other suppliers etc.

This is bad. This is real bad. ...and I don't think we're going to know the depth of the badness for a while. Think the credit crunch that precipitated the 2008 crash. Though this will be localized to tech startups and it's only the kinds of people who read Hacker News who are going to be affected. A massive wrench has been tossed into the economic machinery of Silicon Valley and other tech hubs.

A bunch of companies now have no or little operating cash and all they're going to have on Monday is $250k each.

Do you work for a company that has most of its operating cash in SVB? If so you probably won't see your next paycheck or it will be late. Even if you work for a unicorn there's still a risk because they're not likely to hold more cash than is needed for a few weeks (which is now held up beyond $250k.) The rest of the funds are in bonds or other investments that will take some time to unwind to get cash to meet payroll.

So you decide...

If startups have their funds in SVB, which most do, and they can't wire those funds to ADP or whatever there's no payroll. I know this first hand because when I had a startup we wired upcoming payroll to ADP every two weeks. One week our bank (not SVB) made a mistake and payroll didn't go out. It was a mess but thankfully BofA bent over backwards to fix things.

Well if a startup just closed a $20MM round they'll get back $250,000 after a long unwinding from the FDIC. So that's a pretty big haircut.

I look to Sequoia because, of any VC fund, they are the most likely to be able to pull off a takeover of SVB. I am still gobsmacked that they invested hundreds of millions in a company with no board or CFO (FTX)

I'm feeling like this is early days of a disaster in Silicon Valley. We're at the first or second domino teetering right now. I hope a Sequoia or KPB will step up and save the bank, otherwise a lot of their portfolio investments are about to start missing payrolls.

First off, I'm not disparaging the content, I'm sure its good and useful in interviewing at most companies.

...that said. This kind of thing annoys me. You shouldn't have to study for an interview. Either you meet the requirement and have the experience or you don't. Reading books and stuff like this is really a cheat by the person being interviewed. You many have studied enough to "pass the test" but you really don't have a deep usable knowledge of the material and will likely forget much of what was studied.

When I do interviews I make sure the candidate is aware that studying will be a pointless endeavor and if I can tell your answers come from one of the interview prep books I'll end the interview early. My interviews ask questions that will tell me if you REALLY know the subject. For example if JavaScript is a requirement I'll throw this at you

const a = [1,2,3,4,5,6,7,8,9];

const b = a.filter(x=>1);

if(!!1 && b.some(e=>e>6)){

foo();

}

and ask you to tell me what it does. Its totally weird code and seeing that in actual code is highly unacceptable BUT if you really know JavaScript you will be able to tell me what this does in less than 30 seconds. Immediately if you're going for a Senior position.

I'm known for hiring the best engineers.

That's something I wish I had time for.

I don't see much of a need for USDT or any stable coin to be on centralized exchanges for much longer. Its useful as a place to park value on-chain via DEXs in between trades, kind of like Treasuries IRL. Even for Bitcoin its actually easier to trade WBTC on an EVM chain with stable coins. IMO It's silly to hold anything on a central exchange, they should go away for everything but fiat on/off ramps.

Your SEO guy is going to throttle you if you even consider thinking about doing this.

What infuriates me about support chat

Me: My order wasn't delivered

Support: Thank you for contacting support. I am sorry you are not having a delightful experience with our service. How can I help?

Me: My order wasn't delivered

Support: Thank you for that. I understand your order wasn't delivered. Is that correct?

Me: Yes

Support: Thank you for that. Please hold while I look it up.

...minutes pass...

Support: What is the order number?

Me: abc123

Support: Thank you for that. I understand your order number is abc123 and you have not received the delivery. Is that correct?

Me: yes

Support: Please wait while I look this up.

...minutes pass...

Support: Thank you for waiting. I'm happy to tell you that your order was delivered on 12/29/22. Is there anything else I can help with?

Me: I did not receive it.

Support: Thank you for that. I understand that you did not receive your order. Is that correct?

Me: Yes

Support: Your order was delivered by UPS on 12/29/22 and was left on your porch. Did you look there?

Me: Yes

Support: Thank you for that. I understand you looked on your porch and did not see it. Is that correct?

Me: Yes

...minutes pass...

Support: Thank you for that. Can you tell me your order number?

Docker isn't really Docker on MacOS. It's a glorified VM manager.

Didn't the person who thought that was a good idea have something better to do? Is it time for a good old fashion layoff in Apple's design team?

This does nothing but spike my CPU. :(

TL;DR: We did JavaScript wrong and now we're going to do it even more wrong.

I'm sure most of the scammers are actually stupid and the fact that their stupidity works for them in this case is just luck.

These morons didn't think to stage whatever massive change/upgrade they did and then toasted user data forcing them to manually restore data. Yeah I can totally trust them with my assets.

...or they're flat out lieing and are rug-pulling before they join SBF and friends in Argentina.

When you work on the "ML Ethics, Transparency, & Accountability Team" at Twitter and you wonder why you were laid off. Twitter is a bloated mess. This was going to happen in any case.

That crashed my browser HARD. Needed a full reboot. Thanks for that!